Avantel overhauls board and audit framework with new independent directors and auditors

An update from Avantel Limited ( (IN:AVANTEL) ) is now available.

Avantel Limited’s board has appointed two additional non-executive independent directors, Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi, each for a five-year term, signaling a move to strengthen its governance and independent oversight. The company has also reconstituted key board committees, including audit, nomination and remuneration, stakeholder relationship and CSR panels, reflecting an effort to tighten board structures in line with regulatory expectations.

In a broader overhaul of its assurance framework, Avantel has named Grandhy & Co. as statutory auditors for a proposed five-year term, subject to shareholder approval at the next AGM. It further appointed MPR & Associates as cost auditor and Ramesh & Co. as internal auditor for the financial year ending March 31, 2027, underscoring a reinforced focus on financial, cost, and internal controls that could enhance transparency and comfort for investors and regulators.

More about Avantel Limited

Avantel Limited is an India-based technology and engineering company with operations in Andhra Pradesh and Telangana, maintaining AS 9100D and ISO 9001:2015 certifications. The company runs multiple units and a corporate office across industrial parks and electronic city locations, positioning it in high-reliability sectors that demand stringent quality and process standards.

Average Trading Volume: 143,725

Technical Sentiment Signal: Strong Buy

Current Market Cap: 41.07B INR

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